Your Weekly News & Updates
Yardi Says Rent Growth Flattened in September
According to the latest Yardi Matrix, U.S. multifamily rents flattened in September, coming in at $1,471 with year-over-year growth coming in at 3.2%.
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When a Home Is Suddenly Called Historic
What happens when you try to sell a property and a 3rd party throws a wrench into the process at the last minute? That's what happened to a couple in Florida that had a contract to sell their house (and adjacent lots) for a new development but a neighbor put in an application to have their home designated as a historic property.
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Citibank Fined $30 Million for Holding REOs Too Long
A REO speed wagon they are not; HousingWire is reporting that Citibank was recently fined $30 million for holding onto foreclosures for far too long, exceeding a 5-year REO limit on hundreds of homes.
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Half of California Voters Considered Moving Over High Housing Costs
A recent poll from none other than the University of California, Berkeley, reveals that 52% (of the nearly 5k registered-voters polled) said they had given "serious" or "some" consideration to leaving California and that most of them cited high housing cost as part of that reason.
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New Start-Up Offers Guaranteed Rent
A new startup called Doorstead doesn't want you to miss out on a month's rent just because you can't find a tenant. Calling themselves a "full-service property management with guaranteed rental income," the new company will not only manage your property but guarantee rent for rent for a certain number of days - even if it can't fill the unit.
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Seven Questions for Contractors
Pete Youngs also known as "Mr. Rehab," offers investors seven questions they should be asking contractors before performing any work.
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Demand for Vacation Homes Sees Increase
A new report from the National Association of Realtors says that increased financial wealth and low mortgage rates have boosted the demand and price of vacation homes.
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Four Seasons of Homeownership - Fall
Infographic: Fall is firmly upon us and with that in mind, today's infographic from Today's Homeowner (from their 4 Seasons of Homeownership) goes over some simple things you can do to prepare your home for winter.
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